(04 DECEMBER 2017)USD / JPY:Short-term increase.

Short-term increase.

(By Yann Quelenn)

• USD/JPY keeps on pushing higher. The pair

has strongly bounced back. Hourly resistance is

given at 112.70 (30/11/2017 high).

• We favor a long-term bearish bias. Support is

now given at 99.02 (10/08/2013 low). A gradual

rise towards the major resistance at 125.86

(05/06/2015 high) seems unlikely. Expected to

decline further support at 93.79 (13/06/2013 low).